Pensana plc (LON:PRE) has announced that it has been awarded a Gold Medal by EcoVadis, a leadingsustainability ratings provider, placing it among the top 5% of the companies assessed.
The ratings by EcoVadis are widely used by the automotive and offshore wind OEMs to monitor the ESG credentials of potential suppliers and are based on a detailed assessment of operations in the areas of environment, sustainability, procurement, labour and human rights and ethics.
The award follows the award by S&P Bond Rating Agency CICERO in 2022 which rated the Company’s operations as Light Green with Good Governance.
Tim George, Pensana CEO, commented: “We have strong demand for our rare earth products and this recognition from EcoVadis emphasises the very high standards of sustainability our customers can rely on from us.
The award represents the culmination of the strong focus on sustainability by the Pensana team notably Danny McNeice (Sustainability Manager), Magu Adriano (Social and RAP Manager), Benedito Dumbo (Longonjo Site Manager) andHenda Guimarães (Environment Coordinator).
Angola was one of the biggest gainers in the recently published Fraser Institute’s annual survey of mining jurisdictions attractiveness and a big part of this re-rating was the supportive fiscal terms and the excellent infrastructure which each play their part in achieving high levels of sustainability.
We are also extremely appreciative for the ongoing support from the Angolan Sovereign Wealth Fund and are aiming to build on this support by making Angola one of the world’s most sustainable suppliers of rare earths.”
Pensana will continue to operate under the EcoVadis tracking and reporting system, as leadership in global sustainability is critical to our long-term growth strategy.
